Letter of comfort: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Categorise, amend link narrative to de-specify date, amend link titling.) |
(Layout.) |
||
| (2 intermediate revisions by 2 users not shown) | |||
| Line 7: | Line 7: | ||
== Other | ==Other resource== | ||
*[http://www.treasurers.org/lettersofcomfort A Practical Guide to Letters of Comfort, ACT briefing note September 2013] | |||
[http://www.treasurers.org/lettersofcomfort A Practical Guide to Letters of Comfort, ACT briefing note September 2013] | |||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Latest revision as of 04:27, 8 February 2024
A formal letter written to a lender, normally by a parent company, indicating a willingness by the parent to accept some responsibility to honour the borrowing obligations of, or to otherwise support, a subsidiary or associated company, but without necessarily constituting a legal obligation to do so.
See also
